Shema

What Shema does

SHEMA (Société d'économie mixte d'aménagement Normandie) is a regional development company founded in 1989, headquartered in Caen, France, with a secondary office in Le Havre. It operates exclusively across the five departments of the Normandy region (Calvados, Manche, Orne, Eure, Seine-Maritime). SHEMA is structured as a société d'économie mixte locale — a mixed-economy corporation with more than 75% public ownership. Its principal shareholders are Région Normandie (reference shareholder since 2020), the departments of Calvados, Manche, and Orne, Le Havre Seine Métropole, and the cities of Le Havre and Hérouville Saint-Clair, with private minority shareholders drawn from regional banks.

The company's core offering is integrated urban development, public construction, and commercial real estate services. It does not build proprietary software, hardware, or technology platforms; its core capability is organisational and engineering know-how in land assembly, urban planning, public construction management, and business real estate development. Three service lines drive revenue: (i) public mandates and concessions (mandats de maîtrise d'ouvrage and concessions d'aménagement) for municipalities, EPCIs, departments and the region, priced on multi-year project contracts ranging from €1M to over €53M; (ii) turnkey commercial real estate for private enterprises (corporate headquarters, factories, logistics, workshops), built either for clients or held on balance sheet through its 40%-owned subsidiary SAS Immobilière de Normandie; and (iii) long-term property portage via the 2021-established Foncière de Normandie. Supporting subsidiaries include Les Développeurs Associés (LDA) for economic development and commercialisation, plus project-specific vehicles (SAS La Clémentière, SAS Marignan, SAS Plaine du Levant).

SHEMA's go-to-market is sales-led and relationship-based, with no self-serve or product-led motion. The sales force is organised along departmental lines, with five departmental directors covering each Normandy department, supported by LDA commercial staff. The company employs 59 collaborators and reports annual turnover of approximately €50 million. Customer engagement spans mega-projects (e.g., the €53M LM Wind Power offshore wind blade factory at Cherbourg) down to micro-operations (rural health poles), with named clients spanning public administration, nuclear energy (Orano), wind manufacturing (LM Wind Power), logistics (ID Market) and industrial manufacturing (Serapid Group).

Name

Shema

Legal name

Société Hérouvillaise d'économie Mixte pour l'aménagement (SHEMA)

Website

https://shema.fr

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

SHEMA is a majority publicly-owned mixed-economy corporation providing urban planning, public construction, and commercial real estate development services to local authorities and private enterprises across the Normandy region of France. It manages mandates, concessions, and property development projects ranging from €1M to over €53M.

Ownership category

akta.pro rank

Product category

Urban Development & Regional Real Estate Services

NAICS

Land Subdivision (2372), Real Estate Property Managers (53131), Administration of Urban Planning and Community and Rural Development (925120)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Regional & Land Use Planning (BPAHAKAE)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Land & Development Site Brokerage (BPAJABAG)

Keywords

• Urban planning services
• Commercial real estate development
• Public construction management
• Regional economic development
• Land development concessions

Headquarters

HQ city

Caen

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Mandats de maîtrise d'ouvrage publics: SHEMA acts as mandated project manager (mandat public) for local and regional government clients, overseeing the design, procurement, construction, and delivery of public facilities. Revenue is earned through management fees and margin on works contracted under the mandate.
2. Concessions d'aménagement: SHEMA holds urban development concessions from public entities, managing the full development lifecycle — land assembly, infrastructure, commercial marketing — and financing the operation. Revenue derives from land and property sales/leases and developer contributions.
3. Immobilier d'entreprise pour compte propre: SHEMA develops, owns, and manages commercial real estate (offices, workshops, logistics buildings) on its own balance sheet or through its SAS Immobilière de Normandie subsidiary. Revenue is generated through rental income, property sales to occupiers, and property management fees.
4. Filiales et véhicules de portage: Through subsidiaries LDA (Les Développeurs Associés) for economic development and commercial, SAS Immobilière de Normandie for property holding (~40% owned), and the Foncière de Normandie for long-term commercial property in town centres, SHEMA earns dividends and fee income from these entities.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

SHEMA is a mixed-economy regional development company that operates as mandated project manager, urban development concession holder, and commercial real estate developer across the Normandy region in France. It delivers urban planning and land development, public construction project management (mandats publics), and turnkey commercial real estate (offices, workshops, logistics buildings) to local authorities, intercommunal bodies, and private enterprises. Activities span feasibility, land assembly, construction, sale/lease, and ongoing property management, supported by subsidiaries for economic development (LDA), property holding (SAS Immobilière de Normandie), and long-term commercial property portage (Foncière de Normandie).

Product overview

SHEMA operates as a mixed-economy company offering integrated urban development, commercial real estate, and public construction services across Normandy. The core offerings include Aménagement (urban planning and land development), Immobilier d'entreprise (commercial real estate services), and Construction publique (public construction). Supporting these are specialized subsidiaries: Les Développeurs Associés (LDA) for economic development and commercialization, SAS Immobilière de Normandie for property holding and investment solutions, and Foncière de Normandie for long-term commercial property portage in town centers. The company also commercializes land and commercial premises through its Terrains & Locaux d'activités offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Aménagement (Urban Planning & Land Development) Urban planning and land development services for public and private clients, covering project conception, financial and technical assembly, construction management, and commercialization of land to industrialists, developers, and builders. Delivered as concession-based (concessions d'aménagement) projects across the Normandy region.
• Immobilier d'entreprise (Commercial Real Estate Development) Turnkey commercial real estate services for companies operating in Normandy: site selection, legal and financial structuring, custom construction, property management, and ongoing occupancy support. Includes development, ownership, and management of offices, workshops, logistics buildings, and business park plots through SHEMA and its SAS Immobilière de Normandie subsidiary (~40% owned).
• Construction publique (Public Construction Mandates) Public construction project management services delivered as a mandated project owner (mandataire) for local and regional authorities. SHEMA oversees design, procurement, construction, and delivery of public facilities (museums, hospitals, schools, equestrian centres, educational campuses, health poles) under public mandates or assistance-to-project-owner (AMO) contracts.
• Terrains & Locaux d'activités (Commercial Land & Premises Marketplace) Commercial offering of land plots, ready-to-use workshops, offices, and logistics spaces for businesses across the five Normandy departments. Listed on SHEMA's website property marketplace (approximately 39 opportunities). Indicative pricing on selected activity units from €274,500 HT; most transactions are bespoke quotes negotiated directly through SHEMA's commercial team.
• Les Développeurs Associés (LDA) — Economic Development Subsidiary Subsidiary service supporting both companies in their implantation projects and local authorities in their economic development strategies. Includes dedicated commercial staff embedded at SHEMA's Caen HQ and Le Havre agency.
• SAS Immobilière de Normandie — Property Holding & Investment Subsidiary Holding company providing investor and tenant solutions for businesses through property leasing, allowing business leaders to focus on their core operations. Holds developed commercial real estate such as the Serapid factory and ID Market logistics building.
• Foncière de Normandie — Long-Term Commercial Property Portage Vehicle Long-term commercial property holding vehicle for commercial real estate in town centers and local market towns, providing multi-year portage for properties that benefit from sustained urban occupation.

Quantifiable outcome

• 35+ years of territorial development in Normandy
• +4 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, flagship and minor.

• SPL Évreux Normandie AménagementcoreStrategic or Co-development Partner · 24 June 2026For the Campus Éducatif de Saint-André-de-l'Eure project (€7M HT), SHEMA acts on behalf of SPL Évreux Normandie Aménagement, which is itself the mandated project owner on behalf of the municipality.
• Ports Normands AssociéscoreStrategic or Co-development PartnerPorts Normands Associés granted a concession to SHEMA for the development of the port area at Cherbourg, within which the LM Wind Power offshore wind turbine blade factory (30,000 m², €53M HT) was developed. SHEMA managed the full development process in partnership with the port authority and the industrial client.
• Foncière Cherbourg InvestcoreStrategic or Co-development PartnerA dedicated property fund was created for the Orano Projets headquarters project, composed of SHEMA, its SAS Immobilière de Normandie subsidiary, Caisse d'Epargne, and Crédit Mutuel. SHEMA acts as investor, developer, and property manager.
• Investir Immobilier Normandie (Sogeprom subsidiary)flagshipStrategic or Co-development PartnerPart of the winning consortium (with Redman and Tango) for the 'Scènes de Vie' redevelopment of the former EM Normandie site in Le Havre — a €10,450 m² mixed-use project (hotel, commerce, school, residences) in the city centre.
• Icade PromotionflagshipStrategic or Co-development PartnerPart of the consortium (with Sotrim, Flaviae, and Pozzo) for the 'Coteaux de l'Abbaye' redevelopment of the former CHR Clémenceau site in Caen (7.76 ha, 650 homes, €25M HT).
• Syndicat mixte Normand'InnovcoreStrategic or Co-development PartnerNormand'Innov is a campus of industrial excellence managed by a mixed syndicate (Région Normandie, Département de l'Orne, Flers Ville et Agglo). SHEMA has been the exclusive development manager (concession holder) since 2005, developing 60 ha initially plus a 40 ha extension. The campus hosts Forvia, Lemoine, and Thermocoax.
• Société Publique Locale d'Alençon (SPL)minorStrategic or Co-development PartnerSHEMA provides operational support (AMO) to the SPL d'Alençon for the Parc Urbain du Château des Ducs project. The SPL is the formal concession holder mandated by the City of Alençon.
• Communauté d'Agglomération Evreux Portes de NormandiecoreStrategic or Co-development PartnerThe community of agglomeration is the client for the Saint-Louis hospital reconversion concession (3.7 ha, €12.25M HT, 33,600 m² SDP) and multiple other projects including the Village d'Entreprises Propuls'Eure at Long Buisson 3.
• Laboratoires MansardflagshipChannel Partner/ Reseller/ DistributorFirst building buyer at the Village d'Entreprises Propuls'Eure (Guichainville), reserving 1,119 m² for cosmetic product manufacturing and logistics operations, representing their doubling of floor space.
• ENNEADE ClimaticflagshipChannel Partner/ Reseller/ DistributorReserved 200 m² building at Village d'Entreprises Propuls'Eure for climate testing equipment and regional projects in defence, aerospace, pharma, and cosmetics sectors.
• 2VI PeintureflagshipChannel Partner/ Reseller/ DistributorReserved 262 m² building at Village d'Entreprises Propuls'Eure for painting contractor services; acquired for business expansion.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Altarea (Altarea Cogedim): Diversified French real estate developer and investor (retail, residential, offices); overlapping scope with SHEMA on mixed-use urban regeneration and commercial property development at national scale.
• Nexity: France's largest private property developer covering residential, commercial, and urban regeneration; competes broadly with SHEMA on large urban renewal and mixed-use concessions across France and would be a likely rival on Normandy flagship tenders.
• Eiffage Immobilier: Real estate development arm of Eiffage Group covering residential, commercial, and urban projects across France; comparable to SHEMA in scope of activity (development, property management) but operating at significantly larger national scale.
• Kaufman & Broad: Major French residential and mixed-use developer with national footprint; competes with SHEMA for residential and mixed-use mandates and for development partnerships on larger regional tenders.
• Icade Promotion: Large French real estate developer (Icade/Caisse des Depots group) active nationally on residential, office, and mixed-use projects; comparable as a co-developer on flagship Caen Coteaux de l'Abbaye redevelopment and a broader incumbent in the same asset classes as SHEMA.

Regional players

• Societe Publique Locale d'Alencon (SPL): Local SPL that SHEMA supports as Assistance a Maitrise d'Ouvrage on Alencon urban projects; structurally similar French public-development vehicle but limited to the Alencon area rather than covering all of Normandy.
• EPA Orly Rungis Seine Amont (EPA ORSA): Public planning establishment (Etablissement Public d'Amenagement) operating as a state-backed urban developer on large-scale regeneration; comparable as a French public-aménagement operator but in the Ile-de-France region rather than Normandy.

Direct peers

• Fonciere de Normandie: Long-term commercial property holding vehicle in which SHEMA participates; structurally aligned with SHEMA's Fonciere role and provides an analogous vehicle for portage of commercial real estate in town centers, similar to other regional foncieres in France.
• Sogeprom (Investir Immobilier Normandie): Normandy-focused subsidiary of national developer Sogeprom (Societe Generale group); directly comparable as a real estate developer active in the same regional market on mixed-use and residential redevelopments, partnering with SHEMA on flagship tenders like Scenes de Vie in Le Havre.
• SEMAPA: Societe d'Economie Mixte d'Amenagement de Paris; structurally and operationally the closest French analog to SHEMA as a mixed-economy urban development company holding public concessions, running land development and property programs in a defined territory.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/shema.fr
• Xx.com/saem_shema
• LinkedInlinkedin.com/company/shema

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shema